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Big demand for bigger mortgages (access required)

Applications for large mortgages are exceeding the number for modest mortgages in today’s market. Mortgage bankers funded $26.6 billion of jumbo loans during the third quarter of last year. That’s a 30 percent gain from the same period during the ...

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Security deposit can’t be used as rent (access required)

DEAR BENNY: I own five rental homes that are managed by a management company. On my monthly statement, the company listed a forfeited security deposit as “rents received” and charged me a 10 percent management fee. I believe that his ...

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